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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />RECEIVED <br />COLORADO <br />D I V I S ION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />April 20, 2009 APR 2 7 2009 <br />Bill Ritter, Jr. <br />Governor <br />Mr. Steve Melvick Division of ReGUmation, <br />Minting and Safety Harris D. Sherman <br />Stone Cliff Investments, ITC Executive Director <br />255 Del Este Ronald W. Cattany <br />Woodland Park, CO 80863 Division Director <br />Natural Resource Trustee <br />Re: Ghost River Gravel Pit, Permit No. M-2003-002, Financial Warranty Increase, Revision No. SI-1 <br />Dear Mr. Melvick: <br />On March 31, 2009 the Division of Reclamation, Mining and Safety increased the current Financial Warranty for this <br />permit to $41,624.00, in accordance with Rule 4.2.1 of the Rules and Regulations. This is an increase of $26,624.00. <br />The Division ordered amendment of the current Financial Warranty, or submittal of a new Financial Warranty reflecting <br />the increase, within 60 days from the date of this letter. If you wish to submit a different type of Financial Warranty, <br />please contact me such that I may send you the applicable form. <br />If you have any questions, please contact me 970-259-5861. <br />Sincerely, <br />ate A. Pickford <br />Environmental Protection Specialist <br />cc: Steve Shuey, DRMS <br />Elizabeth Taliaferro, DRMS <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines